Korean Regulators Bribed By Hyundai

Law360, New York (November 28, 2006, 12:00 AM EST) -- In a startling twist in the investigation of antitrust violations at Hyundai Motor Co., South Korea’s antitrust regulator said Monday that four of its investigators took bribes from the auto maker they were supposed to be investigating.

The regulator, the Korean Fair Trade Commission, said that it would punish four of its investigators for accepting bribes from Hyundai while in the process of inspecting the company.

The investigators allegedly accepted gift vouchers and had meals with Hyundai officials four times, the commission said.